This 21-Year-Old Condo Didn’t Sell Out Initially, Yet Became A Top Performer
December 30, 2025
Kovan Melody, a 99-year leasehold condo in District 19, had a surprisingly low-profile sales launch given the strength of its location. The 778-unit development on Kovan Road sold 35 units when it launched over the Aug 28 and 29 weekend in 2004, according to transaction data.
This is a project that sits next to Kovan MRT station on the North-East Line (NEL), and is one stop away from Serangoon MRT Interchange where the NEX Megamall is located. But Kovan Melody is also next to Heartland Mall Kovan, and this proximity makes it one of the most conveniently located condos in the Outside Central Region (OCR). Nonetheless, there was no big launch crowd and no instant sellout. The development was completed in 2006, and by the end of that year had sold 520 units (67%).
Kovan Melody seemed to slip under the radar for decades, before emerging in 2025 as one of the top performing resale condos. Here’s a look at why this leasehold, 778-unit condo topped our chart this year:
Ryan J. Ong
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Need help with a property decision?
Speak to our team →Read next from Property Investment Insights
Property Investment Insights Older Jurong East Flats Are Holding Their Value Surprisingly Well — Even After Lease Decay Kicks In
Property Investment Insights This 130-Unit Boutique Condo Launched At A Premium — Here’s What 8 Years Revealed About The Winners And Losers
Property Investment Insights This 55-Acre English Estate Owned By A Rolling Stones Legend Is On Sale — For Less Than You Might Expect
Property Investment Insights Why Some Central Area HDB Flats Struggle To Maintain Their Premium
Latest Posts
Singapore Property News This Rare Type Of HDB Flat Just Set A $1.35M Record In Ang Mo Kio
Singapore Property News A Rare New BTO Next To A Major MRT Interchange Is Coming To Toa Payoh In 2026
Singapore Property News New Tampines EC Rivelle Starts From $1.588M — More Than 8,000 Visit Preview
0 Comments